- Yield = 8.09%
- Price-to-book Ratio = 1.147
- Assets per unit = $2.012
- Debt per unit = $1.193 (including current liabilities)
- Gearing = 59.3%
Croesus Retail Trust is one which I recently bought and sold quickly due to change of strategy. They announce their results which does not look good at all. And I am glad that I sold it before they announce their results.
Their yield is still high at 8.09% but it has dropped dramatically from 2.08 cents in the earlier quarter. Thus, it shows uncertainty in the yield. Moreover, the price-to-book ratio is at 1.147 which is not good at all Its gearing is actually very high 59.3% which is at dangerous level.
As Japan is printing money so its interest rates will continue to be low but it also means that the asset values will get smaller because of the drop in Japanese Yen. The drop in Japanese Yen will help to improve the retail receipts especially from foreigners but I am not sure how much.
I am just glad that I managed to sell it off before the drop. I won't consider this again unless they reduce their gearing and their price-to-book ratio drops to below 1.
Their yield is still high at 8.09% but it has dropped dramatically from 2.08 cents in the earlier quarter. Thus, it shows uncertainty in the yield. Moreover, the price-to-book ratio is at 1.147 which is not good at all Its gearing is actually very high 59.3% which is at dangerous level.
As Japan is printing money so its interest rates will continue to be low but it also means that the asset values will get smaller because of the drop in Japanese Yen. The drop in Japanese Yen will help to improve the retail receipts especially from foreigners but I am not sure how much.
I am just glad that I managed to sell it off before the drop. I won't consider this again unless they reduce their gearing and their price-to-book ratio drops to below 1.
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Mridanga Saileswari Temple
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